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Britain expands bank deposit insurance
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3.10.2008 |
International Herald Tribune: Business |
| The Financial Services Authority raised the compensation limit for savings from £35,000 to £50,000 after signs of bank customers withdrawing cash to put into perceived safe havens. |
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Also found in: [+]
[newstrust :: Globalize Economy]
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World economic crisis: France moves into recession
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3.10.2008 |
The Guardian -- World Latest |
| The French premier, Francois Fillon, today warned that the world was 'on the edge of the abyss' as his country moved into an official recession |
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Also found in: [+]
[TOM :: All-States]
[pwdc :: All-States]
[newstrust :: Housing]
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Employers Shed Most Jobs In 5 Years In Sept.
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3.10.2008 |
WCCO: National |
| Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession. |
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Also found in: [+]
[demo :: Housing]
[newstrust :: Housing]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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Ireland's Central bank warns recession will 'persist' in 2009
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3.10.2008 |
Earth Times |
| Dublin - The Central Bank in Dublin forecast Friday that Ireland's economy would contract by 0.8 per cent this year and that the recession would persist in 2009. After more than a decade of very strong growth, the Irish economy has entered a diffi... |
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House begins debate on bailout
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3.10.2008 |
International Herald Tribune: Front Page |
| The debate was a do-over for the House, which rejected the $700 billion economic bailout package on Monday. |
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Also found in: [+]
[newstrust :: Globalize Economy]
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Economix: Jobs Report Underlines Economic Decline
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3.10.2008 |
NY Times: Business |
The Labor Department reported that employers in September cut 159,000 jobs, which was more than expected and the biggest decline since 2003.
 |
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Also found in: [+]
[demo :: Housing]
[newstrust :: Housing]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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Merrill: Oil may fall to $50 in recession
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3.10.2008 |
NewsTrust Yahoo Pipes Feed |
| Oct. 2 (Bloomberg) -- Crude-oil prices may fall as low as $50 a barrel next year, about half current levels, in the ``unlikely'' event of a global recession, weighing on shares of petroleum producers, Merrill Lynch & Co. said. Such a scenario, where global growth in Gross Domestic Product falls to 1.5 percent, isn't the base-case forecast, the bank said today in a report. Merrill cut its 2009 average price estimate for West Texas Intermediate, the U.S. benchmark oil grade, by 16 percent to $90, citing falling demand and the start of new fields in Organization of Petroleum Exporting ... |
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Also found in: [+]
[newstrust :: China]
[newstrust :: India]
[newstrust :: Globalize Economy]
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159k jobs slashed in September
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3.10.2008 |
NewsTrust Yahoo Pipes Feed |
| Most in more than 5 years; jobless rate holds steady at 6.1%.
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Also found in: [+]
[newstrust :: Housing]
[newstrust :: Jobs]
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DrumBeat: October 3, 2008
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3.10.2008 |
NewsTrust Yahoo Pipes Feed |
| For the last year, rising oil prices have taken a toll on the economy, driving up gasoline and food costs, punishing airlines and automakers, and ripping a large hole in people’s pockets.
But lately, nearly lost amid the chaos in the markets, oil prices have been dropping sharply from July’s triple-digit peak. If that trend continues, as many analysts expect, it will put billions of dollars back into consumers’ wallets and provide badly needed support for a battered economy.
While consumers welcome the decline, which will reduce the nation’s $1.3 billion daily oil import bill, oil producers are wary. Mexico said it might have to cut its budget next year as petroleum revenue dropped. Countries like Russia and Venezuela, which have been riding a ... |
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Also found in: [+]
[newstrust :: China]
[newstrust :: Globalize Economy]
[newstrust :: global finance]
[newstrust :: Climate change]
[newstrust :: Agriculture]
[newstrust :: Species]
[newstrust :: Legal Strategies]
[newstrust :: Strategies]
[newstrust :: Biodiversity Threats]
[newstrust :: Species Loss]
[newstrust :: Endangered Species]
[newstrust :: Third World Poverty]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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Home Depot: 'We can see the bottom' of housing crisis
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3.10.2008 |
Chicago Tribune: Business |
| Home Depot says housing market won't go too much lower
Everyone wants to know how much longer the housing crisis will ... |
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Also found in: [+]
[demo :: Housing]
[demo :: Housing Market]
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U.S. job losses the most in more than 5 years
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3.10.2008 |
Chicago Tribune: Business |
| Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep ... |
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Also found in: [+]
[demo :: Housing]
[newstrust :: Housing]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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Employers cut jobs by most in more than 5 years
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3.10.2008 |
Minnesota Public Radio: Business |
Employers slashed payrolls by 159,000 in
September, the most in more than five years, a worrisome sign that
the economy is hurtling toward a deep recession. |
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Also found in: [+]
[demo :: Housing]
[demo :: Housing]
[newstrust :: Housing]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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Britain lifts guarantee on bank deposits
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3.10.2008 |
International Herald Tribune: Business |
| Bank savings of up to £50,000 will be guaranteed by the government starting next week and the sum could be further increased as regulators battle to restore confidence in the banking sector. |
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Also found in: [+]
[newstrust :: Globalize Economy]
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France follows Ireland into recession
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3.10.2008 |
International Herald Tribune: Business |
| The national statistics office forecast Friday that the French economy would contract by 0.1 percent in the third and fourth quarters of 2008. |
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Also found in: [+]
[newstrust :: Globalize Economy]
[newstrust :: global finance]
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Employers cut jobs by most in more than 5 years
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3.10.2008 |
LA Times: Business |
| Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep ... |
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Also found in: [+]
[demo :: Housing]
[newstrust :: Housing]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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US jobs numbers much worse than expected
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3.10.2008 |
The Guardian -- World Latest |
| 'Non-farm payrolls' tumbled by a much-worse than expected 159,000 last month, their biggest fall since March 2003 |
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Also found in: [+]
[newstrust :: Jobs]
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'Non-farm payrolls': what the economists say
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3.10.2008 |
The Guardian -- World Latest |
| Reaction to the latest figures from the US |
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Also found in: [+]
[newstrust :: Jobs]
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Employers cut jobs by most in more than 5 years
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3.10.2008 |
LA Times: Top News |
Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession. |
|
Also found in: [+]
[demo :: Housing]
[newstrust :: Housing]
[newstrust :: Jobs]
[newstrust :: Financial Markets]
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The Credit Squeeze Scare
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3.10.2008 |
Truthout.com |
| The Federal Reserve Board chairman described the credit squeeze as being "as
severe as any supply-induced constraint ever, other than from policy actions."
That statement should help to prompt Congress into quick passage of the bank
bailout bill, except this quote is from February of 1991, and the chairman at
the time was Alan Greenspan. (1)
The economy is in a recession and banks always tighten up on credit in a recession. read more  |
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Also found in: [+]
[newstrust :: Housing]
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France is in recession, minister says - Summary
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3.10.2008 |
Earth Times |
| Paris - France has slid into technical recession because it has gone through two consecutive quarters of negative growth, Budget Minister Eric Woerth said Friday. Woerth's comments confirmed a forecast issued earlier Friday by the government's stat... |
